NAME: Brett | Smiley
CITY: New York City
COUNTRY: United States of America
APPLICANT TYPE: Company
ComplyAdvantage is the world’s only provider of AI-driven proprietary risk data on individuals, organizations and associated entities that pose a financial crime risk. We monitor tens of thousands of structured and unstructured data sources to provide dynamic real-time insight into risk indicators including sanctions, Politically Exposed Persons (PEPs), watchlists and adverse media.
Our screening platform helps to safely automate the risk assessment of customers and transactions, and our real-time analytics enable firms to monitor customer activity and spot suspicious behaviors.
We specialise in helping global Remittance firms:
– Spot risks more effectively with richer, comprehensive and up-to-date financial crime risk data
– Reduce unnecessary false positives by up to 70% with a tailored and fully risk-based approach
– Maximise straight through processing whilst staying compliant
– Exceed regulator and banking counterparty expectations
– Improve efficiency by reducing time-intensive manual work and automating low-level decisions
We also offer a modern, flexible and ultra-reliable REST API with fast and easy integration – and no legacy technology issues to deal with. This means our remittance clients can onboard customers faster, clear funds in minutes and provide a seamless customer experience – while being able to focus on scaling their business without having to scale the compliance team and, more importantly, avoid doing business with people connected to financial crime.
We enjoy a collaborative relationship with clients to help them get the most out of our data and technology with proactive and responsive support.
Founded in 2014 and headquartered in New York and with offices in London, UK and Cluj, Romania ComplyAdvantage works with some 200 firms in the financial markets and other regulated and high-risk sectors.
Helping remittance companies safely move money is at the heart of ComplyAdvantage’s story. Our first clients included Somali MSBs faced with the threat of de-risking, and today we use AI-driven risk data and innovative technology to help global remittance firms automate AML/CTF programs, reduce false positives, stay compliant and give banking partners confidence nothing will slip through the net.
SOLUTION IS LIVE? Yes